Time Inc., publisher of Time and Sports Illustrated, has about a year left on its lease for the majority of the 1.9-million-square-foot Midtown property, formerly known as the Time-Life Building. Asking rent in the transaction was not immediately available.

Andrew Sachs of Newmark Grubb Knight Frank represented the Times—and he is marketing the paper’s space at 620 Eighth Avenue—and declined to comment via a spokeswoman. Howard Nottingham, John Harte and Matt Barlow of Savills Studley represented Time Inc. A spokeswoman for the brokerage did not immediately comment.

The mega-publisher, based at the 1959 building from its opening until the end of 2015, relocated to Brookfield Place in Lower Manhattan. With Time Inc.’s lease ending later this year (and its subtenants with it), landlord Rockefeller Group has launched a $600 million renovation of the property.